RE:what a ride last 3 daysThis run has been amazing!
Historically, SP at around $3 has faced pretty good resistance.
If know this stock could move a lot higher if copper continues it's run, but at $3.50 US, a 1.2B valuation would represent 5x the 2021 projected cash flows, which I believe is pretty reasonable.
The stock will probably continue to increase gradually as we move into 2022-2023 and afterwards, Santo Domingo will easily bring this stock to $5-$6 in a low copper price environment and $10+ in high copper price environment, but many things could happen until then.
Trying to look at all angles. Stay and enjoy the ride or possibly seek for more leverage elsewhere?
Anyone has any thoughts on this, because it's easy to fall in love with this stock!
MoneyK